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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121177  
Subject: Re: Primary residence gain Date: 12/17/2013 2:32 PM
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Remember that it's likely your basis changed when your husband died.
It did and I have a market valuation at that point - I had forgotten about that.

Have you taken that into account when calculating the expected gain?
I hadn't but will.

Your 2 of 5 years of the use side will start when you make it your primary residence.

It's in the same state and for 2013, it's about 50/50 on time spent in each place - I'd have to actually add it up. If I have 2 of 5 in location one, is there a downside to making location two primary now ? Is it just using it as primary address, etc ? For my state, it only changes car licensing requirements.

Don't forget that you can only exclude gain once every 2 years.

I did - thanks.

Location two doesn't have much gain but I will start running numbers before I do anything.

All help is appreciated. IRL, it is tough to find knowledgeable people and I wanted to have some feedback.
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